Higher non-equity incentive pay boosts his compensation well above the $8.7 million he had received for the previous year.
Apple CEO Tim Cook's compensation for the latest fiscal year rose 47 percent to $12.8 million from $8.7 million in the previous year.
Cook's pay package included a base salary of $3.1 million, along with $9.3 million in non-equity incentive pay, up from $5.4 million. It also includes $440,374 in "other" compensation, according to a regulatory filing.
"Apple was above its target performance goals for both net sales and operating income, resulting in a payout of each named executive officer’s annual cash incentive," the company's filing said.